Morris Nichols Bankruptcy Alert - Egalet Corporation and Certain of Its Affiliates File Chapter 11 Bankruptcy Cases in Delaware
On October 30, 2018, Egalet Corporation and certain of its affiliates filed voluntary petitions under Chapter 11 of the United States Bankruptcy Code in the U.S. Bankruptcy Court for the District of Delaware. As a courtesy to our clients and friends, the Morris Nichols Business Reorganization & Restructuring Group has summarized information related to the filings below.
Lead Case No. – 18-12439.
Debtor(s) – Egalet Corporation; Egalet US Inc.; and Egalet Limited (Foreign).
Description of Debtor(s) – Pharmaceutical company.
Website of Debtor(s) (URL) – www.Egalet.com.
Assigned Judge – The Honorable Brendan Linehan Shannon.
Proposed Counsel – The Debtors' proposed bankruptcy co-counsel are Dechert LLP and Young Conaway Stargatt & Taylor, LLP.
Proposed Financial Advisor – Berkeley Research Group LLC.
Proposed Investment Banker – Piper Jaffray & Co.
Plan Status – A Plan was filed with the petitions.
First Day Hearing – A first day hearing has been scheduled for November 1, 2018 at 9:00 a.m. ET.
Bankruptcy Documents –
- Lead Case Petition
- First Day Affidavit / Declaration
- First Day Hearing Agenda
- Disclosure Statement
Please do not hesitate to contact any member of the Morris Nichols Business Reorganization & Restructuring Group if we can be of assistance.